Category Archives: News

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Cabinet approves Incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) Posted On: 19 MAR 2025 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the ‘Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)’ for the financial year 2024-25 in the following manner: i.        The incentive scheme for… Read More »

NPS Vatsalya scheme pension plan for kids (under 18 years old). What is NPS Vatsalya? It’s a new pension plan specifically for kids (under 18 years old). The idea is to start saving for retirement early. Parents or guardians manage the account for the child. It was launched in September 2024, and many accounts have… Read More »

ICAI releases the revised edition 2025 of FAQs on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Download Frequently Asked Questions on Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Revised January 2025 Edition)

Accounting for CSR Expenditures : ICAI releases revised edition 2025 of technical guide Contents Introduction 1 Objective and Scope 1 Definitions 2 Recognition and Measurement of CSR Expenditure in Financial Statements 4 (a) Expenditure in Cash (i) Whether Provision for Unspent Amount required to be created? (ii) Whether the Excess Amount spent is allowed to… Read More »

ICAI releases revised edition 2025 of FAQs on the Limited Liability Partnership (LLP) Act, 2008 ICAI has released the revised edition of the FAQs on the Limited Liability Partnership (LLP) Act, 2008, updated in January 2025. This guide provides essential insights into the LLP framework, covering key amendments, LLP formation, governance, partner responsibilities, and financial… Read More »

diting and Assurance Standards Board The Institute of Chartered Accountants of India 18th February, 2025 Guidance Note on Audit of Banks (2025 Edition) The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of the Council of ICAI brings out the revised edition of “Guidance Note on Audit of Banks” every year to… Read More »